Rs 1,349.65 Crore Order Book: Rail Infrastructure Company Bags New Order Worth Rs 5,18,34,709.60 From Indian Railways

The stock gave multibagger returns of 330 per cent in just 2 years and a whopping 1,155 per cent in a decade.

Oriental Rail Infrastructure Limited has secured an order worth Rs. 5,18,34,709.60 from Modern Coach Factory (MCF), Raebareli, Indian Railways, for the manufacturing and supply of 25 LHB Non-AC Second Class Deendayalu (LWSDD) Coaches on a turnkey basis. A domestic entity awarded the order. Delivery is to be made to the MCF Raebareli Furnishing Depot. Payment terms include 70% upon material receipt and acceptance by the Deputy Chief Mechanical Engineer (D/Fur) and the remaining 30 per cen0074 after successful coach completion. The order is to be executed by August 20, 2025.

About the Company

Oriental Rail Infrastructure Ltd (BSE Scrip Code: 531859) is engaged in the manufacturing, buying, and selling of all types of recron, seat & berth and compreg boards and is also engaged in trading timber woods and all its products. The company has a market cap of over Rs 2,000 crore. The company reported positive numbers in its Quarterly Results and annual results. Additionally, Oriental Rail Infrastructure announced that the company along with its subsidiary company (Oriental Foundry Private Ltd) has total orders in hand of approx. Rs 1,349.65 crore.

According to quarterly results, the company reported net sales of Rs 186 crore and a net profit of Rs 10 crore in Q2FY25 while in its annual results, the company reported net sales of Rs 526 crore and a net profit of Rs 30 crore in FY24.

As of September 2024, an ace investor, Mukul Agrawal owns a 5.53 per cent stake in the company. The stock gave multibagger returns of 330 per cent in just 2 years and a whopping 1,155 per cent in a decade. Investors should keep an eye on this rail infrastructure stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice.